Drift, a Solana-based DEX protocol, is set to launch its token and airdrop 100 million DRIFT tokens to users.
Drift, a Solana-based decentralized exchange protocol for trading crypto perpetual futures, is set to launch and airdrop its "governance" token, DRIFT.
"Token generation event date and airdrop claim date will be announced later," Drift co-founder Cindy Leow told The Block, adding that the launch is expected in the coming weeks. The Drift DAO Foundation will facilitate the coordination of decisions and initiatives from the token holders and the DAO. All DRIFT tokens will be distributed over five years, with a majority being allocated to the community. The breakdown of the token allocation is 53% for community and ecosystem; 25% for protocol development and 22% strategic participants.
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